Commercial Land with Existing
For Sale
$349,900
2201 30TH Street, Kenner, LA 70065
Commercial, Kenner, LA
Property Size1,100 SF
Price / SF$318.09
Days on Market9
Property Features for 2201 30TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-3
Lot features
1-5 Acres, Irregular
Subdivision
Highway Park
Standard status
Active
APN
0920012423
Size
1,100 SF
Utilities
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Nancy Guepet
(504) 452-9415
Added: Aug 27
Changed: Sep 2
Last Checked: Sep 4 at 4:06PM
MLS# 2570853
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This R-3-zoned commercial land parcel includes an existing 1,100-square-foot brick building constructed in 1973. The structure contains a reception area, approximately five private offices, two half bathrooms, and four exterior entrances. Two electric meters and one gas meter serve the building, which also has several parking spaces and a substantial rear land area. The property may support continued use of the existing improvements or future redevelopment, subject to applicable requirements.
Located in Kenner near I-10 West and Williams Boulevard, the site offers access to established transportation routes. Public water service is available, and the rear portion provides room for potential expansion.
Located in Kenner near I-10 West and Williams Boulevard, the site offers access to established transportation routes. Public water service is available, and the rear portion provides room for potential expansion.
Key Highlights
- R‑3 zoning with 1,100 square feet of existing building area
- Brick building constructed in 1973
- Reception area and approximately five private offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,262
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$305,240
$305.2K
Cap Rate 7%
$218,029
$218.0K
Cap Rate 9%
$169,578
$169.6K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.8K $22.56/SF
− Vacancy
−$4.5K −$4.06/SF
EGI
$20.3K $18.50/SF
− OpEx
−$5.1K −$4.62/SF
NOI
$15.3K $13.87/SF
Area
Jefferson County, LA
Vacancy
18.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$305,240
Cap Rate 7%
$218,029
Cap Rate 9%
$169,578
Alternative Uses
Best Use
Office B
$218.0K
$190.8K – $254.4K
NOI $15,262 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.2K
$253.9K – $338.6K
NOI $20,315 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 70065, LA
51,484
Population
21,890
Households
2.4
Avg Household Size
40
Median Age
32%
College-Educated
87%
High-School Grad
8.0 sq mi
ZIP Area
6,436
Density / Sq Mi
$65,899
Median Household Income
$41,058
Median Earnings
$1,123
Median Rent
$255,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - R-3-zoned property with an existing office layout, multiple entrances, parking, and public water service.
Where is this commercial land located?
The property is located at 2201 30TH Street Kenner, LA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: R‑3 zoning with 1,100 square feet of existing building area; Brick building constructed in 1973; Reception area and approximately five private offices
